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  • 09 June

    Maintain ‘hold’ on Siemens; SOTP-based TP of Rs 2,156

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Wed, Jun 9, 2021 1:08 AM by Currency Times

Maintain ‘hold’ on Siemens; SOTP-based TP of Rs 2,156

We maintain our ‘hold’ rating on the stock and arrive at an SoTP-based target price of `2,156 per share, implying 50x P/E to FY23E earnings. Strong order intake under digital industries: While overall order intake grew 15% YoY to Rs 65billion, digital industries witnessed 36% YoY growth to Rs 15.4billion, Siemens Energy grew 7% YoY […]

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